This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show...

This book focuses on the critical role of employment and creation of decent work in facilitating peace in Iraq. It argues that reducing the high degree of unemployment could contribute to peace and stability in the lives of people, communities and the country. Iraq’s difficult transition...

The paper explores the influence of job security provisions on employment and unemployment. We show that this influence depends on the persistence of the macroeconomic fluctuations to which the labour market is exposed, and on employees’ bargaining power in wage negotiations. Specifically,...

This paper provides a brief, non-technical survey of the major theories about why people remain unemployed. The aim is to provide a macroeconomic perspective on the microeconomic problem of why people don't find work. The first section deals with market-clearing theories: the natural rate...

This paper develops a model in which two information frictions are embedded into an otherwise conventional neoclassical growth model; an adverse selection problem in the labor market and a costly state verification problem in the credit market. The former allows equilibrium unemployment to arise...

We examine the effect of salient international soccer tournaments on the motivation of unemployed individuals to search for employment using the German Socio Economic Panel 1984–2010. Exploiting the random scheduling of survey interviews, we find significant effects on motivational variables...

Using data from the German socio-economic panel this paper analyses the labour market entrance of former apprentices, as well as of university and full-time school graduates. There are three main findings. First, the retention rate of apprentices in their training firms is fairly low. Second,...

This paper analyzes rates of inflow to and outflow from unemployment for Turkey since 2006. The average rate of exiting unemployment (outflow) within a month is 9.4 percent, while the average rate of transiting from employment to unemployment (inflow) is 1.3 percent. Moreover, the analysis of...

This paper presents a simple model of wage bargaining and employment flows designed to address the effects of policies to increase the rate of exit to employment of the long-term unemployed. Exit rates from long- and short-term unemployment have two effects on the unemployment rate: a positive...